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The unmanned aerial vehicle (UAV) market is currently estimated at $19.3 billion and is projected to reach $45.8 billion by 2025. The rise in the procurement of military UAVs by defense forces worldwide is one of the most significant factors projected to drive the growth of this market. In addition to the increasing use of unmanned aerial vehicles in commercial and military applications, improvements in flight control systems, owing to the development of sense and avoid technology, are also expected to fuel the growth of the UAV market.

In a recent report by MarketsandMarkets, the UAV market has been segmented on the basis of UAV type, vertical, class, industry, system, mode of operation, range, point of sale, MTOW, and region. Based on range, the UAV market has been classified into visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond light of sight (BLOS).

This research report also examines key suppliers in the market such as:

General Atomics is a defense and diversified technologies company that produces a series of unmanned aircraft and provides electro-optical, radar, signals intelligence, and automated airborne surveillance systems. GA’s Electromagnetic Systems Division produces electro-magnetic aircraft launch and recovery systems for the U.S. Navy, satellite surveillance, electro-magnetic rail gun, high power laser, hypervelocity projectile, and power conversion systems.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. specifies their major offering areas as Cyber Solutions, Logistics and Modernization, Autonomous Systems, C4ISR, Strike System, Advanced Electronics, Commercial Aviation, Defense Systems, Directed Energy, IT & Enterprise Solutions, Manned Aircraft System, Military Aviation, Missile Defense, Naval Systems, and Navigation Systems.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems.

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

Parrot specifies their major offering areas as Drones, Drones Solutions, Minidrones, Drone Kits, Drone Spare Parts, Camera Drones, Audio Systems, Wireless Devices, and ANAFI Software Development Kit.

3D Robotics specifies their major offering areas as Drones, UAV, Land Mapping Services, Site Scanning Services, Enterprise Software, Mining & Surveying Solution, Inspection, Mapping Solution, Fleet Management, and UAS Solution.

Aeryon Labs is a part of FLIR Systems, Inc. FLIR Systems, Inc. specifies their major offering areas as Thermal Imaging Infrared Cameras, Airborne Systems, UAS, Unmanned Ground Systems (UGS), Maritime Systems, Land Systems, Command & Control, sUAS Cameras & Kits, Monitoring Systems,
Machine Vision Cameras, Handheld Thermal Cameras, People Counting & Tracking, Traffic Management Software, Infrared Guided Measurement, High-Speed Data Recorders, Camera Modules & Components, and Electrical & Mechanical Thermal Imaging.

Read more on the full report.